- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
OPEC Secretary: Saudis have proven to be a reliable source of oil supplies.
OPEC General Secretary Mohammed Barkindo said the Saudis have shown the world that they are a reliable source of oil supplies.
He also said that the rapid moves taken by Saudi Arabia to resume production, was important to reduce the oil price fluctuations after the disturbance of the market following the attack on its facilities.
He said an extraordinary meeting of OPEC members and other oil exporters was unlikely because the Saudis had regained most of their supplies, He said, adding that they had “Overcomed” the incident
He added that the organization is still focusing on maintaining the stability of oil prices and “will do everything necessary to separate oil from politics,” and that “OPEC” expects strong growth in oil demand in the long term, especially from developing countries.
Speaking of risks in the near term, he said that the oil market is focused on the outcome of the US-China trade talks.
He said, while global economic growth data point to a slowdown, these data are not “worrying” and do not show signs of stagnation.
Russian President Vladimir Putin said that Russia will remain a responsible member in the alliance between OPEC and independent producers outside the so-called (OPEC+).
